Guangdong Bureau of Statistics: the sales area of commercial housing in Guangdong increased by 9.8% in the first quarter.

[Guangdong Provincial Bureau of Statistics: the sales area of commercial housing in Guangdong increased by 9.8% in the first quarter] according to data from the Guangdong Provincial Bureau of Statistics, investment in real estate development in Guangdong in the first quarter was 290 billion yuan, down 8.2% from the same period last year. The decline was 0.3 percentage points lower than that in January-February and 6.1 percentage points lower than that in the whole of the previous year. Of this total, investment in commercial housing decreased by 4.7%. From a regional point of view, investment in completed development in the core area of the Pearl River Delta has dropped by 7.0%, and that in eastern and northwest Guangdong has dropped by 14.0%. In the first quarter, the sales area of commercial housing in Guangdong increased by 9.8%, up 10.0 percentage points from January to February and 34.2 percentage points from the whole of the previous year.